Budget 2025: What is Sin Tax? All you need to know before upcoming Union Budget
As India's Union Budget 2025 approaches, speculations are high about the government’s move on taxation and the allocation for various sectors. Finance Minister Nirmala Sitharaman will present Budget 2025 in Lok Sabha on February 1. There are various taxes that you may not be aware of, one of them is a Sin Tax. Let's understand how it can help people quit bad habits like consuming alcohol, tobacco products, and other harmful intoxicants.
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In India, a sin tax is applied to products like tobacco, sugary drinks, and pan masala. Image source: Pixabay/Representataional